If you owe income tax that cannot be collected automatically via PAYE, such as tax on bank interest or the state pension, HMRC may send you a simple assessment notice. This letter shows how much tax HMRC believe you owe based on information they hold. It is important...
Many employers offer salary sacrifice schemes enabling employees to give up some of their salary in exchange for an equivalent employer’s contribution into their pension. If you sacrifice some of your salary to your pension, the amount you give up is not counted...
The Chancellor will add two percentage points to the rates of tax paid on income received from dividends, savings and property. If you receive dividends; interest and other savings; or income from a property you rent out as a private landlord you will see an increase...
The Chancellor has announced significant and welcome changes for individuals facing tax bills under the loan charge. The loan charge was introduced in 2019 to tackle ‘disguised remuneration’ schemes, where workers were paid through loans instead of salary...
The writing-down allowance (WDA) for capital assets will be lowered from April 2026 and a new first year allowance is introduced. Currently, companies can claim full expensing to deduct 100% of the cost of new and unused qualifying assets from their taxable profits....
Accountancy and business advisors Whitley Stimpson has appointed Mike Shearan as senior tax manager, bringing nearly three decades of specialist tax experience to the firm’s clients. Mike joins from James Cowper Kreston where he was senior tax manager and prior to...
